January 25, 2018 / 7:23 AM / 3 months ago

UK's CMC Markets posts strong Q3 as focus on high-value clients pays

Jan 25 (Reuters) - Spreadbetting firm CMC Markets Plc said on Thursday its revenue per client surged 33 percent in the third quarter, as its focus on high-value clients helped offset challenges from a sector-wide regulatory clamp-down and lower levels of volatility.

Active clients, however, fell 6 percent in the quarter ended Dec. 31 from a year earlier to 38,859, CMC said in a statement.

“The regulatory uncertainty continues and the Group remains cautious around the impact any potential changes could have on Group performance in the short-term,” it said. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below